Multibagger penny stock under Rs 5: Titan Intech Ltd Announces Rights Issue in the Ratio of 3:2
DSIJ Intelligence-1 / 27 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending
From Rs 1.13 (52-week low) to Rs 3.93 per share, the stock gave multibagger returns of 248 per cent.
Titan Intech Limited (TIL) has announced a Rights Issue of fully paid-up Equity Shares with a face value of Re 1 each. The company plans to issue up to 49,14,05,865 Rights Equity Shares at an Issue Price of Re 1 per share, aggregating up to Rs 49.14 crore (assuming full subscription). The terms require the entire amount to be payable on application. The Record Date for determining the eligible shareholders is Friday, October 31, 2025. The issue is being made in a ratio of 3:2, meaning three Rights Equity Shares for every two existing Equity Shares held by eligible shareholders as of the Record Date. This issuance will increase the outstanding equity shares from 32,76,03,910 to an estimated 81,90,09,775 shares post-issue.
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The schedule for the Rights Issue has been approved, with the Issue Opening Date set for Monday, November 10, 2025, and the Issue Closing Date on Wednesday, November 19, 2025. Shareholders eligible for the rights will receive Rights Entitlements (REs) credited to their demat accounts under ISIN INE807M20015. The last date for on-market renunciation (trading) of these REs is Friday, November 14, 2025, allowing eligible shareholders to sell their rights to others. The Board has the right to extend the Issue Period for up to 30 days. This entire process, approved by the Board of Directors on October 27, 2025, follows the necessary SEBI regulations.
About the Company
Titan Intech Limited, founded in 1984, is a global leader in software development, focusing on innovation and dedication to empower businesses and organisations. Headquartered in Hyderabad, India, the company designs, develops and manufactures LED video displays, luminaires, high-end electronic and telecommunication equipment and telecom software. It also provides software development and technical services to various central and state government undertakings in India. The company's mission is to provide continuous technological advancements for productive and sustainable growth.
On Monday, shares of Titan Intech Ltd hit a 5 per cent Upper Circuit to Rs 3.96 per share from its previous closing of Rs 3.78 per share. The stock’s 52-week high is Rs 4.82 per share and its 52-week low is Rs 1.13 per share. The shares of the company have a PE of 30x whereas the industry PE is 34x. The company has a market cap of over Rs 120 crore. From Rs 1.13 (52-week low) to Rs 3.93 per share, the stock gave multibagger returns of 248 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.